Take Test -

1. 5.21 Pooling of insurance applies to



2. KB9. 50,000 is the maturity benefit. How much tax deducted from it?



3. Z5. Which kind policies are not entitled bonuses?



4. r34. When a prospect says he is insured what an agent should do?



5. JN82. Direct Marketing channel is done through-



6. 638 If the client does not wish to proceed with the recommendations right at the moment the agent should



7. 12. Which one is not covered under Life Insurance ?



8. 5.34 When can an insurance company give more than 35% first year commission?



9. 621 What key event is most likely to prevent insurer from ensuring that each insured person brings a fair premium to the pool for the risk presented?



10. R10. Which sentence is correct?



11. K27. During the process of applying for life insurance, the customer discloses to the insurance agent that he had a mild stroke six months ago, however this was not mentioned on the application form. In accordance with the insurance Regulatory and Development Authority's code of conduct, how should the insurance agent deal with this information?



12. K2A. Abhishek recently arranged a life insurance policy under which he is classed as the master policyholder this address his role as..



13. KA35. Suresh is buying a lie insurance policy. To increase the death benefit, he can add ------



14. JI20. Mr. Rahul is having a life insurance policy. After 8 months he was died. But when the claim is returned by the Insurance Company as the claim cannot be settled because of a specific clause mentioned in the policy document. Which is the most likely clause?



15. a1. The amount of insurance depends on ....



16. 602 A person with a criminal background due to Financial fraud would come under which hazard



17. 143. How Insurance companies take additional risk beyond their capacity?



18. 628 Unethical behavior can affect the reputation



19. JI17. If Ombudsman makes a recommendation and is accepted by Complainant then it would be...



20. K27. During the process of applying for life insurance, the customer discloses to the insurance agent that he had a mild stroke six months ago, however this was not mentioned on the application form. In accordance with the insurance Regulatory and Development Authority's code of conduct, how should the insurance agent deal with this information?



21. KB20. If a person is missing for 7 years, claim can be given under certain circumstances, which is called ……..



22. 609 The agent can use the benefit illustration document to show the client the projected growth of investment at the rate of –



23. 3.47 During claim insurer deduct Rs. 10,000 in spite of having no Lien and all due premiums are paid. What are the other reason for deducting the same?



24. a26. Who will take the initiation to settle the maturity claim process?



25. 3.43 No of days within which the death claim has to be paid after the necessary documents have been received



26. k26. A policy document for a money-back policy includes the statement the proposal and declaration signed by the proposer form the basis of the contract. In which main section of the policy document will this normally appear?



27. ON52. As per prevention of money laundering act Non Government Organisations(NGO) comes under….



28. ON17. If there is no agreement for settlement and the recommendation is also not acceptable to complainant, Ombudsman will grant ……



29. 3.12 Higher persistency to the insurer ensures what ?



30. 145. Which body prescribes the codes of conduct of Agents?



31. 5.23 If IRDA is unable to discharge its functions or duties, Central Government



32. 5.46 The client of reinsurer is …..



33. r324. What is the stipulated time frame within which an insurer is supposed to respond after receiving any communication from its policyholders?



34. KB14. If a policy holder put money in EPF as well as ULIP. Which will have more tax benefit?



35. 635 In the context of financial planning, how is the difference between real needs and perceived needs best described?



36. 604 What is the ceiling of tax exemption under 80 c.



37. 623 HLV is used as a Yardstick to determine



38. r320. What are the key aspects advisors do for better persistency?



39. KB4. Mr. John wrote a letter to insurer about non-payment of maturity claim. Within how many days insurer has to reply?



40. 197. During fact finding, what will be the next step after Identifying clients need:?



41. 19. Which sentence is correct?



42. JI16. Under the IRDA guidelines for Claim settlement, any queries or additional documents can asked from the claimant within ...



43. 5.9 If insured gets the two advance payment in the 5yrs and in the maturity he gets rest of sum assured. What type of policy is it?



44. ON57. If less than a specified percentage of the policied sold by by insurance agent are not renewed annually, it indicates------



45. R31. why as an agent is it essential for you to carry out the financial planning exercise with the prospective clients